Photographer: Krisztian Bocsi/Bloomberg

Commerzbank Said to Weigh Thousands of Job Cuts in CEO Overhaul

Updated on
  • Bank said to prepare job cuts as part of larger restructuring
  • Zielke said to brief supervisory board on his plans next week

Commerzbank AG is preparing to eliminate thousands of jobs as Chief Executive Officer Martin Zielke seeks to boost profitability at the German lender, according to a person with knowledge of the matter.

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